|Year:||2013 (June 21st)|
|Policy status:||In Force|
|Date Effective:||2013 (June 21st)|
|Date Ended:||2016 (Dec 31st)|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums|
|Renewable Energy Policy Targets:||Wind, Solar Thermal, Ocean, Wave, Ocean, Tidal, Bioenergy, Geothermal, Hydropower|
|Size of Plant Targeted:||Small and Large|
|Agency:||Electricity Regulation and Control Agency (ARCONEL)|
|Renewable Energy Description:|
On 21 June 2013 new feed-in tariff scheme for renewable energy projects has entered into force replacing previous FIT mechanism that has expired in Ecuador on 31December 2012.
Eligible technologies: wind, solar thermal, marine tidal, biomass, biogas, geothermal and small hydro power plants.
Feed-in tariff contracts are awarded for period of 15 years.
FIT levels are differentiated between technologies and location of the projects – between mainland Ecuador and Galapagos Islands.
Grid access: electricity generated from renewable installations has priority dispatch.
Feed-in tariff rates in Ecuador are expressed in USD:
After renewable electricity will reach level of deployment of 6% of total installed national electricity program will be closed. If this level will not be reached, programme will expire on 31 Dec 2016.
In order to download full text of the policy please, click here to download
|Related policies:||New Electricity Law (Ley Orgánica del Servicio Publico de energía eléctrica)|
Last modified: Thu, 01 Mar 2018 17:29:18 CET